view of a higher multiplier effect of capital expenditure and in order to provide a boost to capital spending by states, the scheme ‘Special Assistance to States for Capital Investment 2023-24' was announced in the Union Budget 2023-24
Parliament’s Budget Session last week appeared drawing to a close after the Lok Sabha approved the Finance Bill, 2023 containing tax proposals for 2023-24,
This time, the Central government has announced the highest budget of Rs 2.4 lakh crore for the railways.
Modi is understood to have specifically asked the MPs to reach out to the middle class and the poorer sections to explain to them how they stand to gain from the new income tax slabs.
Peeved by the denial of funds to Telangana, the BRS put up posters in Hyderabad targeting the Central government. The party has been reaching out to people with posters alleging step-motherly treatment of the state whenever PM Narendra Modi came visiting.
Lok Sabha Speaker Om Birla said on Tuesday that corona tests for members attending the Parliament session will be mandatory.
The circular further said that the ceilings for all categories of expenditure, including Central Sector and centrally sponsored schemes will be discussed.
The scenario is extremely unfortunate, and runs counter to the Finance minister's assurance, let alone the long march towards a knowledge economy, development of skills and digital India.
The Oxfam Report specifically recommended higher support for programmes like creches, sanitation, domestic water supply and kitchen gas stoves as well as other schemes which help women to save time and avoid too much fatigue in daily work.
The Union budget offered another opportunity to carry the process forward, but it fell short on imagination and boldness. A crisis is not to be wasted, as the wisdom goes. We wasted the current economic crisis for lack of ideas. The reduction of direct tax rates to the exclusion of all exemptions and deductions was a long-overdue reform ~ though the six-slab system cannot really be called a simplification.
